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Models in evolutionary economics and environmental policy: Towards an evolutionary environmental economics

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Albert Faber ()
Koen Frenken ()

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Abstract

In this paper we review evolutionary economic modelling in relation to environmental policy. We discuss three areas in which evolutionary economic models have a particularly high added value for environmental policy-making: the double externality problem, technological transitions and consumer demand. We explore the possibilities to apply evolutionary economic models in environmental policy assessment, including the opportunities for making policy-making endogenous to environmental innovation. We end with a critical discussion of the challenges that remain.

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Paper provided by Utrecht University, Department of Innovation Studies in its series Innovation Studies Utrecht (ISU) working paper series with number 08-15.

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Date of creation: Apr 2008
Date of revision: Apr 2008
Handle: RePEc:uis:wpaper:0815

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